Frequency Electronics, Inc. appointed Dr. Thomas McClelland to serve as the Company's Interim President in addition to his existing positions and responsibilities with the Company, effective July 8, 2022. The Board of Directors of the Company, led by Gen. (ret.) Lance Lord, who was appointed as Chairman of the Board in May 2022, approved by resolution the reduction in the number of authorized directors of the Board of Directors of the Company from five to four, effective as of Dr. Sloane's resignation from the Board of Directors of the Company.

The Board of Directors is actively seeking to identify potential new candidates for Board membership. Dr. McClelland, 67, joined the Company as an engineer in 1984 and was elected Vice President of Commercial Products in 1999. In fiscal 2011, Dr. McClelland's title was modified to Vice President of Advanced Development to describe his expanded role in the Company.

He has served as Senior Vice President and Chief Scientist since January 2020.